South Korean shares rise on dip buying after strong exports
· Business · LiveMint, Economic Times
South Korean shares recovered early losses to close higher on Monday, with the KOSPI up 0.34% at 5,750.23, driven by dip buying following strong October exports that nearly doubled. The benchmark index had opened lower after Wall Street's AI-related sell-off but reversed gains as fundamentals improved and earnings forecasts strengthened. Samsung Electronics fell 1.11% while SK Hynix rose 0.92%, and foreign investors were net sellers of 344.0 billion won worth of shares. South Korea's factory activity grew in October at the slowest pace in eight months amid weaker output and demand. President Lee Jae Myung announced plans for bold artificial intelligence investments to boost economic growth potential.
Why it matters
The export surge and AI investment plans signal South Korea's economic recovery and tech sector resilience, directly impacting global chip demand and investment flows relevant to Indian technology and manufacturing sectors.
Read the original report — LiveMint
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